Here's Why The Winklevoss Twins LOVE Bitcoin

Cameron and Tyler Winklevoss, famous for rattling legal sabers
against Facebook, garnered some attention when
they claimed to own 1% of all Bitcoins, the anonymous digital currency, earlier
this year.

Speaking to Business Insider's executive editor Joe Weisenthal at
IGNITION 2013, the twins laid out the reasons why they love
Bitcoin.

In response to the criticism that Bitcoin is purely speculative,
either Cameron or Tyler (we didn't catch which one) said that
"people speculate in dollars
too. This idea that people aren't betting when they hang on to a
dollar is incorrect."

They also love the currency's
transparency, explaining that "there is nothing predictable or transparent about
the US dollar. No one has any idea what the Federal Reserve's
going to do, how they operate."

Bitcoin, on the other hand, is
fixed at 21 million coins that will come out incrementally and
predictably over time.

"Bitcoin brings the promise of
email to the finance sector. Now it's instant and effectively
free to send money anywhere," the twins said.